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Forex Trading

DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated April 10, 2007, 7:08 am

Daily report by Fx Dream

Website: http://www.fxdream.com

Email: contact@fxdream.com

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Tue, 10 April 2007 13:10:01
Resistance levels: 1.3450/1.3480
Support levels: 1.3400/1.3340/1.3320
EUR/USD has risen further towards 1.3450 earlier today as it was suggested. No important fundamental data today. The uptrend remains intact for retest of 1.3450 first Resistance and even higher towards 1.3480-82 first target over the next trading sessions. On downside, first minor Support comes around 1.3400 now ahead of 1.3340 Friday bottom. Look to buy on downsticks for test of 1.3480 and higher.

Strategy-neutral.

FXDREAM GBP/USD

Date: Tue, 10 April 2007 13:10:01
Resistance levels: 1.9750/1.9775/1.9850
Support levels: 1.9670/1.9630/1.9590

GBP/USD has fallen down to 1.9590 after US Jobs data release on Friday as it was suggested. We have released 85 pip pfit over the first part of our Short position. Unfortunately, the second target has not been reached and the position has been closed at entry price with no profit nor loss. Today price has remained strong as it was suggested. The bias remains positive for retest of 1.9825 previous high and 1.9916 record high in longer term. On downside, first Support comes in the 1.9690-70 area ahed of 1.9630 stronger one.. Look to buy on pullback for test of 1.9775 and 1.9825 over the next couple of days.

Strategy-neutral.

FXDREAM USD/JPY

Date: Tue, 10 April 2007 13:10:01
Resistance levels: 119.40/119.60/120.00
Support levels: 118.70/118.30/117.80

USD/JPY has risen to 119.28 earlier today. The uptrend towards 119.56-60 area and even 120.00 in mid term remians intact as long as price is above 118.70 first crucial Support.. On the other side, below 118.70 may squeeze price down to 118.30 over the next trading sessions.

Strategy-neutral.



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